Which non-price determinant of demand is affected by average hourly earnings?

Which non-price determinant of demand is affected by average hourly earnings?

This assignment will be submitted to Turnitin®. SO ABSOLUTELY NO PLAGIARISM WILL BE ACCEPTED**

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Instructions

This assignment deals with markets in action. By visiting. the Bureau of Labor Statistics at (http://www.bls.gov/eag/eag.us.htm) and under Economy at a Glance observe the latest trend in average hourly earnings.  And visit Energy Information Administration (http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html) or Monthly Enegry

Reviewd write 2-3 paragraph about the questions listed below.

Question 1: Which non-price determinant of demand is affected by average hourly earnings?

Question 2: Observe changes in the price per gallon for gasoline in the graph. Use changes in demand and supply curves to explain your observation.

Links to assist with assignment: https://www.bls.gov/eag/eag.us

http://www.eia.doe.gov/oil_gas/petroleum/info_glance/petroleum.html

https://www.eia.gov/totalenergy/data/monthly/)

DUE DATE: April 30,2021 @ 11:00pm ET